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Aug 28, 2011 4:00pm PDT
down. apple's steve jobs says he can no longer meet his duties as ceo. the 56-year-old jobs has been long battling cancer. he's been on medical leave since january. he will stay on as chairman of the board. the company's new ceo will be tim cook, promoted from chief operating officer at apple. the move took a bite out of apple's shares. the stock tumbled on thursday but came back. the world's most famous investor taking a big stake in a beleaguered bank. warren buffett investing on bank of america. on very important terms for berkshire hathaway. shares of the company jumped on the news. the big meeting in jackson hole, how does the economy shape up for the rest of the year. joining me is jack ablin. jack, good to have you on the program. thank you for your time today. >> thank you, maria. >> so, the markets have been watching and waiting to see what ben bernanke would say and do at this summit in jackson hole, wyoming. what is your reaction to the speech? >> well, i think it was pretty much big swing and a miss for the market. we had a big buildup earlier in the week in stock prices.
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